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Solvency II, the European Commission's new regime for insurance regulation, is likely to trigger a rise in M&A activity in the insurance sector because of the increasing regulatory and compliance burden it will place on insurers. Although there is continuing...

The advent of Solvency II has resulted in detailed discussions between the UK's HM Treasury ("HMT"), HM Revenue and Customs ("HMRC") and insurance industry (both general and life) as to what it means for the tax treatment of insurance companies....

In May 2010 we reported on the key issues facing the industry under Solvency II. Since then there have been a number of key developments (in particular, relating to the Omnibus II Directive, the creation of EIOPA and further debate on third country equivalence),...

On 1 March 2011 the European Court of Justice (ECJ) handed down its keenly anticipated judgment on a case concerning a provision of the Gender Directive which allowed insurance companies to differentiate premiums and benefits to some extent based on gender related...

Die Europäischen Kommission veröffentlichte Leitlinien, die es der Versicherungsindustrie erleichtern sollen, auf nationaler Ebene die Vorgaben des Test-Achats-Urteils einzuhalten. Versicherungsunternehmen können nun ihre Vertrags- und Preisgestaltung...

On 1 January 2011, the PPI legislation became effective in the Netherlands. This pension scheme vehicle is designed in particular to host cross-border defined contribution schemes. Amongst Dutch financial institutions, the PPI is already a big success. This...

On 26 June 2012 the Law Commission released a consultation paper setting out its proposals for the reform of business insurance law, including major changes to the law relating to the disclosure of risks during the insurance placement process, and the remedies...

Since our last Solvency II client briefing in July 2011, there have been a number of developments in relation to the implementation of the Solvency II Level 1 Directive. This briefing provides an update on these developments and a discussion of the key outstanding...

Since our last client briefing in January 2012, there have been several developments relating to the proposed new Solvency II regime although perhaps not as much progress as we might have expected at that time. Many steps still remain to be taken on the path...

Earlier this year the German Federal Court found that recognition of the Scheme of Arrangement related to insurance matters would be contrary to European legislation on the recognition and enforcement of judgments. As this judgment is limited to insurance matters,...